business

The government is now paying an annual lump sum if you delay retirement
The government is now paying an annual lump sum if you delay retirement

From this year there are two incentives being given to people who continue working past retirement age...

Can companies still insist that staff wear masks? Yes they can
Can companies still insist that staff wear masks? Yes they can

Refusal to use one could lead to disciplinary dismissal, however, they cannot force customers to wear one…

The price of plane tickets to Spain have increased by up to 40% for the summer
The price of plane tickets to Spain have increased by up to 40% for the summer

Airlines are starting to pass on the price increases of fuel to customers... Kerosene has more than doubled in the last year...

The maximum pension in Spain is now 2,819 euros per month
The maximum pension in Spain is now 2,819 euros per month

Spanish retirees are benefitting during high price increases as their pensions are linked to inflation since the reform…

Drilling company finds equivalent to a billion barrels of oil off the coast of the Canary Islands
Drilling company finds equivalent to a billion barrels of oil off the coast of the Canary Islands

Morocco announces prospecting near to the archipelago after a British company announced the discovery…

Property purchases by non-resident foreigners have increased in the Canary Islands
Property purchases by non-resident foreigners have increased in the Canary Islands

The British are the ones who buy the most properties; the Swedish are the ones who buy the most expensive ones…

Good Friday was the busiest flight day in the Canary Islands for more than 2 years
Good Friday was the busiest flight day in the Canary Islands for more than 2 years

Las Palmas was the busiest airport, but Tenerife was the busiest island with almost 200 international flights...

Rent a car companies say they have no cars available for Easter
Rent a car companies say they have no cars available for Easter

Tourist arrivals from mainland Spain and Europe have boomed meaning no cars despite increasing fleets by 127%...

TUI is ‘very optimistic’ about the recovery of tourism in the Canary Islands
TUI is ‘very optimistic’ about the recovery of tourism in the Canary Islands

The tour operator says that figures for reservations to all of Spain are currently "very promising"…

Inflation will cost Canary Island families an extra 2,300 euros this year
Inflation will cost Canary Island families an extra 2,300 euros this year

Housing, food, and transport account for 65% of household spending and have the biggest price increases so far this year…

Final details of the inaugural flight from New York to Tenerife are confirmed
Final details of the inaugural flight from New York to Tenerife are confirmed

United Airlines will operate the Tenerife-New York flight three times a week...

The price to rent a property increased by 5.8% in March in the Canary Islands
The price to rent a property increased by 5.8% in March in the Canary Islands

The average price is now 9.96 euros per square metre per month. Las Palmas is the most expensive place to rent…

Second-hand car sales fell by 7.1% in the Canary Islands in March
Second-hand car sales fell by 7.1% in the Canary Islands in March

In total there has been a drop of 2.1% in the first quarter of the year…

Petrol stations receive notification for money being returned for fuel discount
Petrol stations receive notification for money being returned for fuel discount

Owners are pleased that the Government have acted so quickly as many don’t have funds to subsidise it after the pandemic...

Pedro Sanchez invites Elon Musk to invest in solar energy in Spain
Pedro Sanchez invites Elon Musk to invest in solar energy in Spain

This is in reply to Musk’s tweet saying that Spain should build “a massive solar park to supply energy to all of Europe”...

Unemployment in the Canary Islands drops to lowest level since 2008
Unemployment in the Canary Islands drops to lowest level since 2008

The hospitality industry sees the highest increase in the number of people employed after the sixth wave of Covid...

The price of electricity will increase by more than 10% today
The price of electricity will increase by more than 10% today

Compared to just a year ago, the pool price for today will be 808% higher than the 27.74 euros/MWh on April 4th 2021...

The Canary Islands foresee a busier but more expensive Easter than 2019
The Canary Islands foresee a busier but more expensive Easter than 2019

There is a 9% increase in holiday prices due to rising costs, which is still lower than the 13% in the rest of Spain...

Cepsa increases fuel discount to 30 cents per litre with loyalty scheme
Cepsa increases fuel discount to 30 cents per litre with loyalty scheme

Private customers can get an extra 10 cents per litre of all fuels, and commercial businesses another 30 cents off...

New luxury hotel and golf course in south Tenerife given the green light
New luxury hotel and golf course in south Tenerife given the green light

This will be the first resort in the Canary Islands designed by Norman Foster, and has been approved by the Guia de Isora City Council…